Suriname's oil agency Staatsolie has agreed to award a production sharing contract for offshore Block 59 to a consortium consisting of ExxonMobil, Hess and Statoil under the country's \"Open Door Policy.\" <\/p>\n
Staatsolie has also reached an agreement with Statoil over Block 60. <\/p>\n
Both the consortium and Statoil are expected to sign the PSCs no later than the second week of July 2017. <\/p>\n
Activity has been ramping up in Suriname, which neighbours Guyana, where ExxonMobil made the massive Liza discovery in 2015. <\/p>\n
Earlier this year, Tullow Oil contracted US-driller Noble Corp. for an exploration well on its \"game changer\" Araku prospect offshore Suriname. Tullow contracted the Noble Bob Douglas drillship from early October to early November, this year. <\/p>\n
Tullow's probe will follow efforts by Apache Corp., which in April said it had failed to hit commercial hydrocarbons at its Kolibrie-1 well, offshore Suriname. <\/p>\n
Kolibrie was in Block 53, about 80mi offshore. Block 53 covers 3509sq km, and is in 500-1800m water depth. <\/p>\n
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Exxon, Statoil, Hess, agree Suriname offshore PSCs - OE Digital<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Suriname's oil agency Staatsolie has agreed to award a production sharing contract for offshore Block 59 to a consortium consisting of ExxonMobil, Hess and Statoil under the country's \"Open Door Policy.\" Staatsolie has also reached an agreement with Statoil over Block 60. Continue reading